Intel spins off its corporate venture arm, Intel Capital
The Financial Times · 20h
Intel to spin off venture capital arm as chipmaker tries to cut costs
Intel’s interim co-chief executive, David Zinsner, said spinning off its venture arm was a “win-win scenario as it provides the fund with access to new sources of capital to expand its franchise while allowing both companies to continue benefiting from a productive long-term strategic partnership”.
U.S. News & World Report · 21h
Intel to Spin off Its Venture Capital Arm
Intel Capital's separation is a "win-win scenario as it provides the fund with access to new sources of capital to expand its franchise while allowing both companies to continue benefiting from a productive long-term strategic partnership," said David Zinsner, Intel's interim co-chief executive officer and CFO.
Datacenter Dynamics · 4h
Intel spins out investment arm Intel Capital
Intel has announced it will spin off its global venture capital arm Intel Capital into a standalone investment fund. The move is designed to bring the corporate structure of Intel Capital more in line with other venue capital firms, allowing the fund to raise money from external investors.
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